Apple wins the race to become the first trillion dollar company

Apple has won the race to become the first US-listed company ever to be valued at a trillion dollars, beating competition from Amazon, Alphabet and Microsoft.

The tech giant reached the goalpost less than a year after breaking through the $900bn (£690bn) mark.

Apple’s quarterly results published earlier this week showed a jump in iPhone sales to 41.3m, a slight increase on last year. The news sent shares climbing in after-hours trading to a record high that sent Apple within touching distance of reaching a one trillion dollar market capitalisation.

On Thursday, Apple reached its goal when the price of its shares climbed to $207.05.